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Abstract

Palko Environmental Ltd. ("Palko Environmental") (TSX:PLK) is pleased to announce the closing of its previously announced proposed transaction (the "Business Combination") with Palko Energy Ltd. ("Former Palko"), its previously announced $3 million private placement financing (the "Financing") by Gibson Energy ULC ("Gibson"), and the extension of its existing short-term and long-term credit facilities with National Bank Financial.

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Palko Environmental, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this document, such statements use such words as "may", "will", "intend", "should", "expect", "believe", "plan", "anticipate", "estimate", "predict", "potential", "continue", or the negative of these terms or other similar terminology. Such statements include the statement that the Business Combination and Financing will facilitate the expansion and optimization of the combined operations of Palko Environmental and Former [Palko], that Palko Environmental will be able to leverage off the assets, operations, relationships and other attributes of Former Palko and that Palko Environmental will operate as a growth-oriented environmental services company providing the stated range of services. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this document.

Details

Title
Palko Environmental Ltd. Announces Completion of Business Combination, Private Placement Financing and Extension of Existing Credit Facility
Author
Anonymous
Publication year
2010
Publication date
Jul 2, 2010
Publisher
Intrado Digital Media Canada Inc.
Source type
Trade Journal
Language of publication
English
ProQuest document ID
577613009
Copyright
Copyright CCNMatthews Jul 2, 2010